nice gain, up 120 points for the dow jones industrial average. that is exactly one-half of 1%. look at the that level, 24,186. not bad. been great year. >> thank goldman for part of that. stuart: my time is up. neil, it is yours. neil: i have image of you hacking into a tesla. what's wrong with this thing. thank you for that. we're following nancy pelosi telling the president of the united states you might want to reschedule the state of the union. don't poo-poo. technically for president to get address from the congress, he has to get permission from the speaker. the speaker traditionally invites the president of the united states. it might all be perfunctory or parliamentary theater. the fact that the speaker speaks before congress. no guarranty it has to be delivered in person. actually not all that long ago, where presidents would just give a written update how they think

the state of the country is going. thomas jefferson did that i remember it well. because i covered it. the fact it is more unusual what is happening in the modern tv era. this is something bears watch watching. blake burman watching this at the white house. any white house response to this at all? >> no, we've inquired. this letter by nancy pelosi that president trump delay the state of the union address until after the government shut down resolves itself. the pelosi sent the letter, hour, hour 1/2 ago. the white house officially, or even the president has officially decided to say how they will move or at least respond to this request from the house speak. you're right, the president does not need to go up to capitol hill to give a televised address. it wasn't until president johnson did it back in 1965 it has become tradition for the president to go up to the hill, give a televised response. a way for the president to put out his message before the rest

of the country. the president is only required by writing submit periodically to congress as information as to the state of the union of the united states and pelosi is now saying just give it to us in writing until this all reserves itself is. one of her reasonings is, secret service, which protects the president falls under purview of the department of homeland security which is part of this partial government shutdown. she says until dhs is fully funded this should wait. here is was part of her letter to the president. quote, sadly given the security concerns, unless government reopen this is week i suggest we work together to determine another suitable date after government reopened for this address, or, for you to consider delivering the state of the union address in writing to the congress on january 29th. neil, this gives just yet another indication of how much longer this partial government shut down could potentially go. this is day 26 of this shut u.n., january 29th is another 13 days, meaning if it bows until the state of the

union or at least the scheduled state of the union, that would be the 39th day of the shutdown. neil? neil: i should have listened to you at the outset. i remember when i was asking how long it could drag on, you said, neil, for white a while. on and on we go. i don't see reassumption of government services for quite a while but man. reporter: right now here at the white house the president is meeting with a group, democrats, republicans, problem solver caucus is their name but at this point leadership is staying away from this white house and with the tone of nancy pelosi's letter, kind of throwing out the marker here, you just got to wonder how this thing resolves itself. neil: i love how they send messages to each other. how about going to talk to him? reporter: i was thinking to myself -- neil: i'm not going to speak at all. reporter: is there a formal mechanism? i asked someone here, is there a letter actually delivered to the

white house or do they put it up on twitter and give it out to the reporters? how does that all work? i don't even know. neil: does he return it, i'm not opening it. all right, buddy, thank you very much. meanwhile white house council of advisors chair kevin hassett says the shutdown damage is worse than some of the earlier estimates including his own. take a look. >> we made an early estimate right at beginning of the crisis was a little lower than the estimate you just cited. i've been studying this hard as it has gone on actually the damage is a little bit worse because of post contractors, something excluded from our first analysis. neil: i always relax when i see hassett because he is always smiling. you know, you figure we might be going to hell in a hand basket, but he seems okay. the fact this is dragging on and on and having demonstrable impact on gdp the question how much after impact and for how long? payne capital management

michelle mckin, we have wealth view capital management, david dietze, last but not least my colleague at fox business, lauren simonetti. if the consensus is building it will drag on a while until at least next week, probably likely the week after that, this is uncharted territory here. >> we've never been here before. it is kind of scary. i think something really bad has to happen for it to get better. maybe the tsa needs to walk off the job completely. that affecting almost everybody. neil: they have had sickouts. they don't show up. >> 7%. >> it hasn't, which was double the rate this time last year when everything was normal, if it is ever normal but things have to bet much worse. i thought after nancy pelosi regained the gavel as speaker she would be more willing to negotiate because she was officially in power, but seems like she is less willing to negotiate. neil: her base doesn't want her to settle as much as the president's base don't want him

to settle. >> at what point do they settle though? i bet you, that state of the union, why don't you do it in writing. workers in secret service are not being paid. we don't have the security for this. maybe that was veiled or unveiled attempt to get him to see this is serious. we have to negotiate. neil: do you think there will be a presidential state of the union address? what do you think, david? >> well you know actually i think president trump would rather not go in front of congress. i would think he would rather talk directly to the people. also he can cite that saying we're open to negotiate. they won't even let me talk in front of the congress. there is example how open they are to be rational. neil: that is very good point. that is a very good point. michelle, people are looking at this and saying how is it stocks are up? they're looking at it saying i know what is going on in britain and brexit disaster, all of that, i understand that, and all, but for all the ills of a government that is partially shut down for this long of a period, it's a collective shrug. >> it's a couple different

things. i think brexit to some extent is already priced in. neil: yeah. >> there is always assumed. we assumed the vote yesterday would not pass. that was not alarming state of affairs in that the vote did not pass. in terms of the united states and the shut down i think the market is forward-looking hopefully things will get resolved. you have to remember, neil, we came off almost a 20% dip in december. you're finally starting to see buyers come in. until we see hard date that the economy is slipping, corporate profits are slipping because of a shutdown. i think markets push forward. any kind of selloff is opportunity. neil: you're saying during the break, david, that is happening underneath all this drama we seen a big comeback. >> this is one of the best starts to the year ever during the period of shutdown. basically the market is 15 times earnings. you're looking forward 15 years. you don't want even one quarter

shutdown to derail you from your long-term investment goals. historically there is a spike in spending after the shut down end. finally of course this is not nuclear attack from enemy aliens or asteroid coming in from overseas. we could have shutdown ended this afternoon, if the parties got together. it could change very quickly. neil: you know, the banks are up today. by and large, pretty strong. not for everybody, but for most. and some look at that, as positive underpinnings to this economy and this market. what do you hear? >> loan growth is there, particularly for bank of america. ceo brian moynihan said the consumer is strong. business is strong. that is what the market needed to hear. much the same at goldman sachs. you're talking about brexit. maybe that was priced into the market. we're talking about a shutdown and trade war with china. it seems though, although the markets in my opinion oddly are up, that a perfect some storm is

brewing. the banks got past the fourth quarter. they're up today because of the outlook for the year. i question that outlook. what happens if we have this bipartisan bickering over the shut down, will we have to talk about raising the debt ceiling come march? neil: we're back up against, right. >> yeah, again we've seen august, 2011 and markets really did sell off when there is a concern. fitch has already warned wall street community they could downgrade but i was saying to my colleagues, what do you do if u.s. debt is downgraded? you sell your stocks and buy debt? neil: what happened with s&p experience, when they dinged the aaa rating? there was a downdraft. there was no shutdown going own but it was just the kabuki theater and fear game that prompted it and we survived it? >> treasury went on to have the biggest bull market after that. neil: right. >> who really knows what that actually means.

>> it does help to have a printing press when you talk about downgrading. somehow the printing press will come into effect ultimately. neil: i always feel that is what sort of buys us some staying power here. we can do that it is sort of cheating but it does get you past the hurdle. >> it does get you past the hurdle. i disagree. i think fundamentals look better with recent selloff. to your point 15 times earnings. average is 16. neil: future earnings. >> future earnings, correct. neil: certainly on the low end historically. >> correct. the average is 15.9. neil: 15.87 but who is counting. i literally made that up. i have no idea. >> i actually think this is positive thing. yes you have the governmental shutdown and china trade war. what happens if we move past that? things are not that bad. markets could push forward. i say any volatility or push back whether we go down because

of a shutdown or gosh for bid we get a downgrade of treasurys. i think it is opportunity. neil: really? >> yes. >> i would take it a step further. u.s. corporations will make more money this year than last year, not at the same rate of growth. i think now the federal reserve is a bit at bay. you have lower interest rates, more earnings, that could justify higher multiple. why couldn't we test the old highs from last september? >> me too. neil: really? lauren you were getting to this idea that just because they're breathing better than what people were expecting i think they're looking anywhere from five to 7% versus last year at this time expecting 25. >> 25 to 30. neil: yeah. all right, that is the essence of my profound comment. guys, i want to thank you all very, very much we are waiting to hear from the president whether he spends to letter from nancy pelosi, maybe you know what? write your speech in. there could be some history to that. the shortest state of the union

message written was millard fillmore. about three sentences. effective saying state of the union looks okay. he wasn't even italian. but anyway they're not obligated to go on and on. they can wrap it up in couple sentences. you didn't know millard fillmore was italian, did you. a no confidence vote is little more than an hour from now, that is in britain. the effect here.

neil: all right. interesting news on goldman sachs this pace today with much better-than-expected earnings, revenue, a good guidance picture on track for already being biggest one-day percent advance in over seven years. that is sort of greasing the skids for financials. there is old market lore, how financials go, so go rest of the markets. that has not always been the case. remember the financials were the first to fall out of bed with the overall meltdown of the stock market. they led the way. the others followed. that doesn't work in reverse. if they have an up day that the others follow. we're getting earnings out of big banks investments, including bank of america beating estimates this is providing the

wind at buyers backs. we'll keep an eye on it for you. this is interesting development. meanwhile theresa may is facing a no confidence vote. what happens after that if it were to pass is anyone's guess. not expected she would be put in that position but you never know. ashley webster following in london with the very latest. hey, ashley. ashley: hey, neil. the rain is pouring down outside, theresa may is inside the parliament building behind me trying to save her job. i don't think she will have to worry too much you never know in politics. i think her job is safe, but what is not clear how she will move forward with the brexit deal. that vote, crushing, humiliating losing by some 230 votes. gets 432 votes against her plan, it was resounding defeat. some were calling for her to quit immediately. right after that, labor leader, the opposition party leader, jeremy corbyn, jumped right in, filed the no confidence motion

and here we are. we expect the result in about an hour 1/2, a little more from now. when the debate kicked off, jeremy corbin made impassioned plea for the prime minister to simply quit. take a listen. >> this government cannot govern and cannot command the support of parliament on the most important issue facing our country. every single previous prime minister in this situation would have resigned and called an election. it is the duty of this house to show the where this government has failed and pass a motion of no confidence so the people of this country can died who their mps are, who their post is, who will deal with the crucial issues facing the people of this country. ashley: so what does the eu think about all of this in the latest development? they're a little bemused over in

brussels watching. we had this tweet from donald tusk, eu council president kind of hinting something here. if a deal is impossible, no one want as no deal, who will have the courage to say what the only positive solution is, question mark? in other words, don't leave at all. that would be the easiest solution. didn't go down well here. people trying to find the right path for brexit. time is running out. 46 working days left before the exit date. god forbid, neil they work on a weekend. neil: if they are pushed up against it, could they delay that or no? >> yes, they could and i think that is many about more and more likely because as they squabble among themselves the clock is ticking. it is becoming a critical point now. so to do that they would have to go to the eu and to be approved by all other 27 member-states of the eu that tells you what the eu is about. everyone has to agree about everything, including pushing back the timeline.

the eu would say yes, but you have to have sort of credible plan in place. you need to continue to debate an pushing the clock back but otherwise we're facing a no-deal brexit. there are those in parliament behind me who say they simply won't allow that to happen. neil: ashley, i watched everybody watching this story, yours has been the best, you're speaking english, you're not trying to sound like the smartest kid in the class. it is clear. keep on that, my friend. i know you're on every other minute. hold on the cartoon network wants to go on with you. >> i'm ready. neil: he is right it goes on and on. former im fsec tiff bored member doug whitaker says theresa may is likely to survive the no confidence vote. that doesn't mean we are off to the races or britain is. what is interesting about it, when i'm looking at this, doug,

our markets despite the bank exposure to britain, and unknown variables they keep advancing. what ails britain actually in a weird way helping us or are we just ignoring it? what is going on? >> i think we're more ignoring it than actually trying to quantify the risk and looking at supply chains. the big risks from brexit, number one, some geopolitical seismic shift which is not likely to be the case. number two, direct linkages in the financial sector and that is pretty well insulated or anticipated. i'm not saying it will work out that well for parties involved but the idea on march 30th or on any date thereafter there is a financial market meltdown because they, the brits leave without a deal, seems like it is unlikely for a variety of difficult reasons. so it is not that u.s. investors are taking it for granted as quantifying that risk. i think it is just sort of

bemusement as your colleague just said from the eu. there is a certain sense of bemusement from the investor community as well. i'm not sure that is well-placed but i think that is more or less what people are thinking. neil: i know there is a revolt, labour party, obviously jeremy corbyn would love to become the next prime minister and topple this government, but i don't notice any people within the prime minister's own party raising their hand saying come to me, come to me. almost if they want to see this sorted out before they brave stepping up but what is your sense? >> but the tory party is basically two parties don't like each other and don't agree on this issue but they're under umbrella party under the tory party. there are a lot of people that want to be the next prime minister. nobody wants to stick their toe in the water to own this thing because this thing is a mess.

for some degree, the reason theresa may is likely to get through the no confidence vote all the tory mps, dup, the northern irish party supports government don't want to lose their seats. they know the chaos would ensue in a new election is probably not great, starting with who the hell would be theresa may's successor leading the tory es into the election. nobody knows. neil: quickly indulge me on this point. is it your sense they would have be in better straits if they had gone cold turkey after the vote? by now we would have this figured out and this lingering, festering cancer wouldn't be gripping the country what do you think? >> to take your analogy, lingering, festering cancer would have killed the patient two years ago.

i'm not a big advocate for the rip the bandaid off, try to start anew. i would argue saying hard brexit would allow british to cut great deals around the world without encumbered by restrictions of eu, i think that is throwing everything 180 degrees in the wrong direction. the british economy is well-served, deep, strong, limited to no tariffs or barriers to its biggest trading partner, the eu look at trump administration policies on trade negotiation, do you honestly believe bob lighthizer, donald trump, this administration, no matter how special the relationship between the u.s. and uk, will give the uk a sweet deal? i argue quite the opposite. i think if they want to give them a sweet deal it would take years. i don't think getting out of the e.u. is the smartest thing any

way, but doing it in anticipation of some better deal out there in the ether, i think that is just wrong on all counts. neil: we shall see. fascinating stuff. doug, thank you for taking the time. i appreciate it. >> you got it, neil. neil: as doug pointed out we're benefiting in the chasm what is going on abroad. i'm not just talking about the government shutdown but changes who is running the things in the financial sector and telling the financial sector who is boss, in the house of representatives, after this. with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today.

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neil: as you know, maxine waters will be the new head of the house financial services committee. she will have a lot of jurisdiction over what banks do and don't do, whether that goes anywhere outside of the house, remember the senate still in republican hands. the white house in republican

hands but she could create quite a stir. with an agenda out today, quite the stir at that. edward lawrence has more. hey, edward. reporter: only way to describe it, stirring up the pot here. the new chairwoman of the financial services committee said her number one priority will be to reinstate the consumer financial protection bureau. she said under the leadership of mick mulvaney, the bureau was gutted. she sent him a letter saying she would hold him accountable. the bureau will continue to protect customers. >> congress, i'm going to be working diligently to undo the damage that mulvaney has wrought during his time at the consumer bureau. i have a bill, the consumers first act, that reverses many of the known harmful actions. reporter: waters says, she wants to revive some of restrictions, regulations in the dodd-frank act, including strengthening the volcker rule. she says those regulations were

designed to head off the next financial crisis and need to be reinstated. she says the most senior level of banks and financial institutions need more diversity. she says diversity helps better financial performance. >> i'm very pleased and proud to announce i will be creating the subcommittee on diversity and inclusion. the subcommittee will be the first of its kind in congress. reporter: alexandria ocasio-cortez will join her on the committee. she wants to dig into student loans as well as for-profit pensions and banking regulations. neil. neil: all right, edward, thank you very, very much. we're focusing on this, following a day of hearings here, and this notion it is just going to be a lot of nastiness back and forth. charlie gasparino on that and much more. >> breaking news i get to in a minute. i'm all for diversity in the work place, i'm a big proponent of that, but i don't get how

diversity helps financial performance as maxine waters says. that will tell you what is going on with the democratic party now controlling congress. between ocasio-cortez wouldn't know the phillips curve from a phillips wrench and her -- neil: there is a difference? >> yes, that's right. or phillips screwdriver. isn't that what it is, the screwdriver. [laughter] neil: saying african-americans, hispanics, are disproportionately affected by mortgages and the rest. >> she is talking about diversity -- neil: shy is going to make that central cause. >> i know. she will have to prove to me why diversity in of itself helps financial performance. i don't think there is a study out there. this is fascinating breaking news we do have about new attorney general william barr. i guess he is the nominee. he needs to be confirmed by the senate. yesterday was first part of his hearings, sources close to him are saying, sources close to him and in the tech world, they're saying this, sources close to

google, apple, google, apple, facebook, that he is going to focus on technology companies in his antitrust enforcement. that he is worried about the size of the tech giants stifling competition, and two firms i believe, from what i understand, i know they're worried about this inside these two firms he is looking to focus on is facebook and google. those are the two firms he believes went out there, got really huge through acquisitions, almost no antitrust review and enforcement. facebook bought what, whatsapp. google bought youtube. neil: that was with many democrats. republicans have interesting view of this. >> it's a little different. i will get to that in a minute. they will approach it both ways but he indicate those two firms if they want to get bigger will go through a lot of antitrust scrutiny. there will be scrutiny of them going forward. we should point out in the past

doj, antitrust allowed enforcement tech firms taken over by the ftc, the federal trade commission. that i understand not will be the case. the doj will be part of that enforcement in a very, very heavy way. look out. there will be a double-edged sword here coming at the tech companies. you will have one side, bill barr looking at their size and whether the size of these companies, facebook, google, in particular are way too big. neil: by the way, is he looking at, is it up to him to look at bias, all of that stuff? >> no. that is a more emotional thing. listen he might look at privacy. sec and ftc could look at all these things but he is looking at size, whether size is stifling competition. you do that through your antitrust division which is headed by della rim as you know. democrats go after this on privacy grounds. are you using and misusing

information? why are we reporting this? big story. it's a story that will affect the stock prices if there is this type of scrutiny on these type of companies. beware. these stocks are embedded in every major index. "fang" stocks, apple, amazon, google. neil: with the exception of apple, a lot of them clawed their way back, not to where they were but they have done okay, this year. >> this year but it is going to be volatile because the scrutiny will be on them. will apple come under this, i don't think so just so you no. they're generally spoken about in the same vein. apple is closed system. they don't really, they don't sell data, right? neil: right. >> they basically use the data -- neil: so they say. >> maybe there is some secret handshake they're doing. they use their stuff because they want you to buy their own apps, their own products. facebook and google sell the data. bar is looking at it from antitrust standpoint. are they too big? did they go out and buy the

competition when google bought youtube, just to buy them, did that make them too powerful? do they have too much, too much information and too much power that way? neil: in this environment with the new house makeup there will be more scrutiny of this and other issues regardless. >> just no doubt but remember he is looking at it from antitrust, are they too big. neil: understood. >> this is a problem for the stock if you own it. neil: charlie, thank you very much. charlie gasparino. meanwhile netflix price hikes, all of sudden investors are okay with that, maybe some subscribers are not. i was thinking about this, it happens, if you're one of those affected does that mean you just drop netflix, after this. which i used to offer health insurance to my employees. what's in your wallet? and now you know. jardiance is the first type 2 diabetes pill proven to both reduce the risk of cardiovascular death

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♪ neil: think fast. netflix and apple, what do they have in common? both are raising prices on their underlying products, right? difference apple eventually hit a brick wall, you know what happened since. not so much, netflix announcing

they would hike prices up to 18%. customers are not bolting. a lot of people in the financial community are interpreting that a sign it will get the debt under control by raising its price. imagine if other companies had that quite latitude. to a tech analyst on this. russ, what is going on here and why is netflix being treated differently at least in the markets versus apple. >> basically people have order given netflix their credit cards for their foreseeable future. if netflix raises prices, people will automatically raise prices they actively need to remove their information to stop the price increases. that is the thing from apple. whereas apple every two years you need to give us a phone, give us another thousand dollars, whatever it is. there is a pretty big divide. neil: there are two different products, programing, getting access to services and special

type of shows, all that or that device what have you, used to be apple could charge a ample premium. its margins richest in any business, up to 40%, obviously gone down, but is netflix boeing to face the same problem or what's your sense? >> i think there is a limit, right? if netflix increased the price to $20 a month, $25 a month, yes you would start to see people unsubscribing. the big difference netflix has they're getting a ton of competition and variety from other from disney to other streaming services saying hey, you should spend money elsewhere. if you have 16 preparing services? probably not. you will pay for the best ones. netflix might be bottom of the barrel. that is their apple problem. apple is whole another problem they need to deal with. neil: russ, good catching up

with you. >> no problem. neil: there is the shut down, north carolina republican senator thom tillis telling me yesterday on "your world" on fox news, he has his concerns. do you worry though what is happening here, means that a lot of other things you do want to see get done are not going to get done? >> i'm worried about that. there are so many things we continue to work on together. i'm very concerned right now that we're doing virtually nothing. i'm you one of these members willing to settle for something less than perfect to make progress but i do believe the president is right to say a part of this impasse only gets broken up, once we figure out a viable strategy for securing the border. neil: center for freedom, prosperity cofounder dan mitch chem. both side are surprised this is dragging on, i could be wrong, you're closer to the fire than i am, if it goes on weeks more, some say months more, then what? >> i think the democrats made a

miscalculation, they assumed that a partial government shut down will get people all upset, who is ever going to notice that there is no department of housing or urban development? shouldn't exist in the first place. who will notice there is no department of transportation? that should be done at state and local level. yes, there are sensitive areas, if tsa workers en masse just started not showing up to work, that would ramp up the pressure some but for the most part, even polling data shows nobody, hardly anybody is noticing or caring about the shutdown because so much of what the federal does is irrelevant or burdensome to our lives. neil: if you're right on that i'm beginning to think there is a lot of wisdom to what you say there, it might boomerang then on democrats. of course who espouse more government, government solutions they could rue the day they wanted to push this so far. too early to say that, but what do you think? >> i suspect that the immigration fight, immigration

fight is always going to dominate what the political fallout what this fight is but would cheer my heart immensely, people after whenever this ends, tomorrow, two months from now, you know what? why don't we leave some of these departments shut down completely? i do have one small disagreement with senator tillis. i like it in many cases when politicians are distracted by irrelevant fight because if they're actually busy legislating, what if they're legislating the wrong things? what if they're passing trump's bill to give him more power to impose protectionism on the world economy? so i only like politicians being busy, in the rare cases when they're doing something good for the economy. neil: all right, but we already know that the longer this drags on some market-friendly things, if you don't mind me being so crass get sidelined. there is delay and initial public offerings because of securities & exchange commission can't write off on them.

there is a delay in crucial drug approvals, some very, very pricey, key to a lot of companies fortunes, to say nothing of life-saving measures, on and on we go. inspection of foods and the like, so this becomes to be a big pain for people beyond just everyday government workers, what do you think? >> two points on that. first, obviously even if you want much smaller government, you don't really get it with a government shut down. it's a temporary thing. neil: right, right. >> not really the right way to address our bloated if federal government. but the second thing, maybe we learn lessons about some things being held up. for instance, we have five major airports in this country that have private tsa workers. there is no problem there. they work better. they function better. they're safer. and if we did that to all airports, we wouldn't have any issue whatsoever. on ipos, why don't you simply

have a system if a company checks the box, does a, b, c, they can do their offering? why do you have some bureaucrat sitting at desk, saying okay, you jumped through the hoops? let it be automatic. so much for the federal government, the regulators, bureaucrats inserted themselves in our economy where they're completely not necessary. will that be the lesson we learn out of this. i have no idea, i hope so. neil: dan, thank you very much. >> thank you. neil: dan mitchell. quick peek at corner of wall and broad we're in and out of session highs. a lot driven by financial issues. better than expected numbers coming out most, not all of the nation's premier banks but driving the likes of goldman sachs, jpmorgan chase, american express. who else do i see moving here? those are some of the dominant financial names. technology also putting in a good day. i left out travelers. i left out prospects for a trade deal. boeing, home depot and walmart.

you name it. they're racing ahead here on the belief that we see progress on this front. even with the shut down, there seems to be more good than bad. i could be wrong. often they are but it is just right now after this. place, the xfinity xfi gateway.

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>> do you have anything you would like to announce? >> yes. >> whoo! [laughter] >> what would that be, madam? >> i'm filing exploratory committee for president of the united states tonight! neil: all right. going to be at least five senators running for president, maybe more? new york senator kristin gillibrand, the latest, make that announcement on "the late show with stephen colbert." "washington examiner" phil wegman, pretty crowded field, but venues they're choosing to make the announcements? what do you think about that? >> kristin gillibrand can crack jokes with stephen colbert, doesn't hide the fact that she taken million of dollars from wall street and cozy up to wall street. same thing elizabeth warren cracked a beer on instagram, doesn't give her a personality.

bait ohio rork is instagramming his -- beto o'rourke, won't help him answer things about immigration and border security. a lot of democrats are trying too hard to be cool and running the risks of embarrassing themselves. neil: they do it in different ways. i'm thinking of o'rourke one at dentist office, dental hygienist, elizabeth warren with the beer thing, i know we live in different times, i know you're not as spacey as i am, i picture if abe lincoln had to go through this? or boring washington or even john kennedy. it's weird. >> it is weird. neil: the whole thing is weird. >> it is weird. we should know better by now. you don't have to think about older history. think about the history of 2016, when hillary clinton tried and failed again and again to use snapchat. don't you remember, when she was like, i'm just here chilling in

the cedar springs. we all made fun of her for weeks. now democrats want to run for president on instagram. it is a bad strategy. neil: where is this going? i mentioned four or five senators, that might be conservative. we might have 10 running. i don't know if that is true. i do know this will be like my mother italy where they have a few dozen people up on a stage during the debates. we could face that. i mean, what are we looking at here? >> i think because when you see such a crowded field, you have a lot of political consultants pushing candidates early on to try to brand their personality, try to stand out from the field by doing some sort of unusual thing and that gains a lot of attention early on but the thing that you can't do you can't fake true cool. obama was able to go on "snl" because obama is a chill guy. alexandria ocasio-cortez has enjoyed so much success on instagram because she is a millenial who understands how this works. i think that what voters want is

authenticity and they want a plan. they want to know what you're going to do to change things. not whether or not you can act like a cool kid. right now i don't see any candidates doing more than flaring out with these sort of announcements. they need to do something that will actually make them stand apart from the pack for real reasons, not just for stunts. neil: you know eventually they will settle on one nominee. >> yeah. neil: might be divisive getting there. we remember 1992, that was a crowded field of democrats eventually even though they were considered the seven dwarfs because they didn't have a snowball's chance of you know what beating george bush, sr. we know bill clinton rose from the group. with crowded field of republican candidates, donald trump emerged. no one gave him a shot. we know what happened. eventually settle on someone, it is the environment and moment in november that decides, ultimately whether they prevail, but what is your sense of the

crowded field and how it helps or hurts the president? >> first of all thank goodness they didn't have instagram or any of this other nonsense in 1992. oh, my gosh. neil: don't even go there. >> i think a crowded field is helpful for the president because democrats will bicker among themselves. they will expend a lot of energy going after one another. the other thing that would be very helpful scenario for president trump, when you have all these democrats sniping at one another, remember you don't need majority, only plurality to win the primary in the end. this provides opportunity for one of these elder statesman candidates who can rise above the fray. that is much easier for trump to beat, conventional candidate, than someone with some star power. neil: we shall see my friend. a lot more after this. once a wk once a wk to activate my body to release it, like it's supposed to.

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neil: all right, in order to speak before congress, the speaker of the house i'm a might be perfunctory. it might just be semantics here. nancy pelosi making it clear to the president of the united states that this might not be the time to do that. the president might want to reconsider rescheduling instead of the union address and providing in writing which is the way presidents used to do that. chad center remembers that while what thomas jefferson. he joins us now from the capital.

when you think the president does at this? >> you know, thomas jefferson who in the practice came up here and delivered the address in person. giberson stopped in woodrow wilson started again in 1913. i will redo part of the u.s. constitution that refers to this specific section. article i, section three. he shall from time to time give congress information on the state of the union. we've had as recently as president carter in 1981 four days before he left office he submitted his message to congress in writing. president reagan in 1986 canceled his state of the union message the day the challenger blew up here to give a primetime address here. a lot of consternation about what this might look like. they had a meeting of the house democratic caucus early this morning and indicated they stood behind the decision. it was a right of the president talk about these things. a celebratory moment of the

government shutdown. that is why policy gave him the option of submitting this in writing. also some question does anybody on their best behavior. someone suggested to me the other day that the president does things not by the book. as the speakers sitting right behind him why do we negotiate right now and figure out how to open up the government. nobody knows how this will look and that is why this is such a strange note from the speaker of the house to say maybe this isn't the best time. we haven't seen anything quite like this. >> if she is insisting on that, maybe you can help me with these formalities. the speaker invite you to come to the house and address the nation. what if she says they don't want you to come? >> that is kind of what she's essentially doing here. nancy pelosi if you have some guys who are supposed to come to your house and for whatever reason realize it not a good day or you really don't want them

there, you say well, maybe we can try next month or something like that. that is what nancy pelosi is trying to do. don't forget there might be some psi ops involved here. nancy pelosi might be trying to get into the president said. he's been bemoaning the fact is when coop depp in the white house. at the end of the day this is in fact her call. mitch mcconnell, no role in the city is not mentioned anywhere in the constitution. she's the constitutional officer on capitol hill and on the end of the day, what they always do when they extend the invitation in the first place when she sent out the invitation several weeks ago, this has been worked out tax stage saying what's a good day for you, what's a good day for us. we'll settle on the 29th of january. that is why this is rare and you'll hear a lot more as we get down the road. it's an extraordinary ask. keep in mind in a state of the

union has become such a significant event. it was lyndon johnson in 1965 who moved it to prime time. the first time it took on all these trappings the way it looks right now. not having that in some form, we've been establishing new precedents here for the past couple years during the part term presidency. that might be a new one. neil: the president to bypass that and address the nation from the oval office, right? >> absolutely. some suggest he can go to the southern border and deliver an address. maybe deliver a pep rally somewhere, make america great rally in the hockey arena somewhere. he's done a lot of those. don't forget the circumstances were much different in 1986 after the challenger disaster. president reagan delivered a primetime oval office address. president trump had not done that until last week appeared he might be that as an opportunity to try it again. neil: thank you, my friend.

goldman sachs is on the way for the biggest one-day percentage gain. to be on the earnings front in revenues and also very nice forecasts. is it indicative of what's going on in the banking sector or some of the others morgan stanley comes to my new jpmorgan chase that disappointment? >> i'm looking at a 35,000-foot view here. i want americans to know one thing. the american dream is alive and well right here today. for many minorities the all-time high employment. the manufacturing arena is growing. sector of the economy anytime in those was impossible in the middle class is growing. look at earnings projections coming out higher or lower.

i want investors to focus on the 100% move in the market. don't get caught stockpicking on the market and totality and as it goes up you increase your wealth. neil: danis, how much of this is interest rate staying where they are or the growing consensus the federal reserve might not hike at all this year. >> i think after the weakness on the stock market, the propensity for the fed to do anything other than sit tight and allow the rolling off of its assets to stop and the propensity is simply gone by the wayside. just not going to happen. they saw what the language that they had put forth at the end of the year had given rise to almost a 20% decline in equity values. but darn it it does. >> they always say no we don't have time for these bakeries.

>> one would certainly hope that they look at the stock market. when you are down 1920% i thought it was amusing that people were then sane it had been in a bear market. once you're down by more than seven something to pay attention to. certainly when we're down by 20% i guarantee the fed was lucky not and they had probably been detrimental to the economy and let's take a breather. that's not a bad thing to do. neil: you know, mark, one other thing that amazes me about this market is how much lately it's been ignoring. it wasn't that long ago around the holidays the market was selling off on status it dismissed. now it's kind of returning to those days. i'm wondering whether that's a good thing, bad thing. the mac investors need to understand the nature of the

market. that means all the predictable information about the future. that's why the investors looks. the reality is you can't predict to you. no one can tell you what the next% movement is going to go. make make billions. so an investor has to come to terms with uncertainty and unpredictability. the headline has little to do with what is happening because the headlines are in the market price. investors have to own equities long-term. that's the reality of it and then they need to diversify globally. can't just focus in the united states. the markets if you have two by more while it's low. it's very counterintuitive to most people. most people like to get magic addiction varies to give them predictions about the future is. it just doesn't exist.

>> or as a rule of thumb. it's not a hard and fast rule. you might've educated on me that financials can lead the way. more so on the downside than the upside. of course they were the first ones breaking down the markets a decade ago. so can we flip it around to say this search now is a sign of utter things for the market? >> i think it's absolutely correct. there's no doubt historically the financials to lead on the and the downside. they lead going down in the last half of last year they turned all for the better. i was very bearish of the stock market from september come october, november into christmas time and i went to the sidelines. i should only for my own account. i'm not managing anybody else's money. i am going to be buying more. the fact that financials are leading the way you said just about higher prices.

the only thing that bothers me is technicals in the market and it does bother me the volume is not as aggressive, not as fun on the upside is that like to see it. perhaps a change in the next several days. but nonetheless i think that's one ago hire for a while. neil: are you worried about what's happening in britain and the fact we keep ignoring all of these developments might be a good reflection on us. >> i'm a big fan of free markets. as fast as they possibly can and stay out of it. we don't need centralized planning in the more people to get out of there, the better for the whole world. i'm a big fan of free markets and not being controlled by a small percentage of bureaucrats in europe. that will long-term create

wealth and prosperity for everybody. >> so they hope. gentleman, and thank you very much. theresa may, so the issue which even survives that if they vote against her, she's got a hang onto at least a third of the members of her own party to avoid being eased out of office or setting the stage for that. after months of wearing only a tiger costume,

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>> i always wondered when we had this system in the united states, how would we fare for the president's popularity goes down or is tested to rob a sudden there's a little confidence expressed in his or her leadership. but what happens? they put it up for it though. do we have confidence that she'll be able to pursue and ultimately perceive in implementing the will of the people from two-point writers to go to lead the european union or not. a little follow-up they are poor little support, then she's out of there.

forget about what we have in this election and a couple months later, sworn in. instantaneous or close to it. the u.k. parliament member on where this stands now. she'll be badly wounded, right? >> after the division in the vote on the withdraw agreement. we are up against the fight against the labor party and more than a bit of jeremy corbyn. the party is quite united. and will support the government. we don't have a huge majority, the very confident we'll win the vote this evening. she tends to get more verbal heat that she has botched this.

she was never for this to begin with. she's been dragging her feet, some say deliberately. what do you think? >> interestingly because this is about a confidence vote in the government as opposed to just about the european issue, then i would be amazed if we had any rebellion at all from the conservative party. look at a wholehearted 100%. >> that's interesting. then what, in one of effort they can make good on this brexit boat that would express the will to a half years ago. is it your sense that it's going to be delayed with you think happens. >> if we do not live without the deal, then we literally live on the 29th of march with no deal in place. the problem is parliament doesn't want that to happen. a lot of conservative mps who don't want a no deal scenario.

yesterday we had a vote and the prime minister in the government was defeated wholeheartedly by over 230 votes. it's very problematic for the government. the problem is all of those people who voted against the government yesterday voted so for a whole variety of reasons. some people want to leave without a deal. the problem is people have all sorts of different views and opinions about what voting down the deal yesterday would mean and they can't all be right. in fact they're diametrically opposed to each other in terms of their thinking. weren't quite a difficult position. neil: maybe you can help me with this, nigel. it not as if being in the european union carries any particular cachet. so many of its members are in a world of hurt. not even talking about italy with budget problems, portugal can't get out of its own budget. germany, the ringleader entering a slowdown. so what is the draw to being in

this club anyway? >> i think you've hit the nail on the head and the reason why britain -- without elections and i think you see euro skeptic parties do quite well and not. we did feel like we were being pushed around. but actually if you look at the trade figures, the e.u. has a 76 early in pound annual trade surplus with the u.k. you'd think they would be doing everything they can for some close relationship that i don't seem inclined to do so. they're not making economic decisions and another reason why skepticism is building in the u.k. across europe. >> thank you very, very much. scratching my head, didn't make sense. good to have you. how do you feel about alexandria

ocasio-cortez. both are going to have a say in a big say it that were the financial services sector of this country. how do you think that is going to go down? after this.

>> i will be keeping a watchful eye on all of the financial regulators to make sure they are carrying out their statutory duties, and including holding that actors accountable in promoting financial stability. as we saw during the 2008 financial crisis, large wall street banks that weren't subject to strong oversight and safeguards to protect our economy can do a lot of damage. neil: she's ready for a fight at maxine waters new chair of the house financial services to midi. this is alexandria a ocasio-cortez is getting ready

to have a crucial seat on the financial services committee. so what will happen here and what is the outreach and the effect of all of this? forget the financial services industry. but the folks who need that industry, use the industry and want better treatment from that industry. media direct their axial's reporter caitlin o in do you think? the message they are clearly saying is banks have not served your interest here that will change because there's a new sheriffs in town. what do you think? >> first of all, let's talk big picture here. this is a house committee. they can probably easily pass legislation in the house but it's going nowhere with republican control of the senate. we are not talking about ambitious progressive laws going into place, but what we are talking about his oversight of the financial sector and looking to 2020 as democrats their national message. it will have a lot of influence on the message and policy ideas do we start to see being

proposed. >> i realize what's happened on capitol hill that they don't control the senate and the white house, but they can set the stage for reissues they argue will be very popular with voters in the next election and so much so that when i look at what industries are favorably viewed by americans, you know, financial institutions, banks are at the bottom of the heap. i'm wondering if the democratic party that are considered socialists and all of that, and crazy like a fox. what do you think? >> even if this doesn't have huge implications come i certainly think it does indicate the messaging moving forward for the democrat party and the left as a whole. it indicates how many elements of the democratic party like alexandria ocasio-cortez are becoming more and more

normalized. the idea of the house finance committee is appalling to many people in many people think those elements of the party are very fringe and not popular. they are becoming increasingly normal and it plays in the broader democratic trend of demonizing success. it's something we've seen in the past two years if someone is wealthy, the only did so by pushing other people down and that's definitely a message we saw on the trail and other leading democrats as well. neil: would you think will be the mover and shaker on these issues? what is the redon who is going to set the tone for the financial industry? >> luck, and warren has already announced her candidacy. this is her issue regulating financial services, regulating banks, cracking down on bad behavior. she's got legislation doing so. she is one to watch for sure. we don't offer a sanders will run but it's also a democratic

socialist. we see how much she's influenced the conversation over the last few years. with people like that in the lead here, the rest will be catching up in the fact that we are having a self-described -- described as a massive change from one everyone was all capitalist and say we disagree about how to do this. but were kind of on the same page here. >> she's running for president apparently she sent out feelers to the investment bankers that she was running because that's where the money is obviously. i'm wondering how much support though garner. that is democratic candidates from that community. >> if it's anything like hillary clinton they will still garner plenty of wall street support and help there. looking at 2020 as far as the democrat side goes i can't be business as usual anymore because there is so large of a

portion of the party that is fed up with capitalism as a whole. fed up with wall street as a whole. i do think they're going to be some to push these fringe elements out into the mainstream and if there's republicans asking the wrong stiffness, the two-pronged response. first off is taking it seriously. no longer laughing off the rise of socialism that will not impact in the future in looking outward starting from in the first place. how these ideas have become normalized darts on college campuses and education system and these ideas are the only way to help our country. that's a huge role as well. those are two things they need to look at moving forward. neil: caitlyn, many in the republican party tend to view the financial services sector for want of a better term, but we know it's hardly that way and we know that goldman sachs has printed out just as many

treasury secretaries who work for democratic presidents but it's unfortunately. goldman sachs is in the pocket of republicans in their views. >> any person a hundred goldman sachs for the services industries are banks whoever would be crazy to ignore anyone who's in power. it's better to have a seat at the table than to be locked out of the room when it comes to lobbying and legislation and regulation. i think of course they're going to try to cozy up to power no matter what to get favorable legislation. especially because as you said these things are well aware that they're not popular with a lot of people. they feel a need to be in the room in making their case. no matter who's in power. neil: they also started up to whoever looks like i'll be in power. will follow very closely.

thank you very, very much. william barr is looking increasingly like he's going to be approved as the next attorney general of the united states. in case republicans are salivating over that, some signs that he is not necessarily going to be in the business world. the judge on not after this. oh, that's great sarah. let's talk about this when we meet next week. how did edward jones come to manage a trillion dollars in assets under care? jay. sarah. so i have a few thoughts on that early retirement... by focusing our mind on whatever's on yours.

>> to me to movement. >> masculinity. >> is this the best a man can get. >> releasing the challenging toxic masculinity, mocking the president over a misspelled three. marketing consultant were read says they risk turning up a loyal base when they jump into these controversial areas. what do you mean by that? >> well, they're trying to get in the conversation and they're

jumping on polarizing issues. when you do that, you, driving away potentially 50% of your possible or current customers. why would you do that? neil: you have been a key example with: kaepernick with a lot of consensus opinion that they were at alienating their base by going in endorsing him and his views. it was risky. it turned out that increasing their sales, their share of athletic shoe market. what is the difference or is there one? >> there absolutely is a difference. nike's core customer are teenagers and young millennialist. they believe in that empowering message to sacrifice everything if you truly believe in it. it was an uplifting message and they didn't get specific on any one topic that could be potentially polarizing. sure they off older consumers,

but those aren't the hard and true nike consumers and those weren't the future for nike. very different instances where you have to let where the core customers are older americans. millennial start embracing the ban. huge problems with one else having beards and buying from dollar shaved club. that's a huge difference. neil: i don't know if this applies universally, but are they trying to reach out to women who buy a lot of these products anyway for their significant others and that was part of their strategy here. and ideas that would be sympathetic to those causes. >> sure. as a mom of two teenage boys i can resume. i want my boys to be the best men they can be and i want them to be better than the previous bad actors out there for sure. but how you do it also matters. here you had an ad that was very accusing. it was very blaming and shaming instead of showing empowering

images come instead of being a role model. for years and tell acts of spice and others had been the problem of toxic masculinity. you see strong tough football players and tiger woods in baseball players and soccer players. they are part of the problem. they can't jump on an issue. start with making a difference the way the campaign for real beauty by taking a stand by not showing women with lots of make up and women of all sizes and shapes and colors. that's a beautiful campaign within love. gillette could do something similar but instead they chose to blame their core customer which is the wrong message. neil: if you're making a product and you want to differentiate, a clean shave. sometimes we overthink it. >> i would think that. they are selling razors.

there is nothing about their product and their price that people see as being too high for too long. a lot of problems from a lot of angles. let's not forget where selling razors here. a positive message about men. there was a great campaign for them. >> not bad advice. thank you very much. still no budging on this government shutdown, but we are seeing some blinking from democrats and republicans. after this. it's inspected by mercedes-benz factory-trained technicians. or it isn't. it's backed by an unlimited mileage warranty, or it isn't. for those who never settle, it's either mercedes-benz certified pre-owned, or it isn't.

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>> according to a white house official, the sergeant at arms has canceled the state of union walk-through. an opportunity by the president where we get sort of a feel of the house floor and going through the most in to get ready for the big stated that union address. nancy pelosi, speaker of the house has asked the president rescheduled the state of the union and just write it as they used to do years ago. then what? west virginia republican senator shelley moore capito one where the shutdown is going. senator, thank you for joining us. happy new year to you.

>> thank you. seem to you. >> on the speaker recommending the president submit this in writing what you think of that? >> to me it's a political ploy. the president should come to the congress and address this as all presidents have since i've been here and many, many years before wednesday or to set priorities. probably in my view of no better year than this year to lay before the congress hopefully will be back open. if not to lay before the people what his plans are and how he feels about the events that transpired. i think he's trying to divert off of the fact that she has had zero money for border security. zero money for a while and it's been intractable in her position. >> so, what will bring cooler heads to the table. >> my theory is as time goes on and this is a very unfortunate as i've said many times probably on your show, government by

shutdown doesn't do anybody any good and i still believe that as we are in this one right now. there is beginning to be i think a beginning of a wave of concern from people not getting paid, whether it's the coast guard, prison guards, some of our fbi folks are laid off epa. ones that really bubbles to the top, the pressure on us as representatives begins to really build a more pressure for the president as well. i don't see where it is at that point yet, but i think we will reach that point if it goes on much longer. >> did you anticipate it would last this long? >> no. the great predictor imi said we said we won't shut the government down because again, there's no winners here. so i can imagine that it's going to go on much longer. but i'm an optimistic person but enlisting a optimism at this

point. >> do you think it is poison the well for either parties doing anything like anything these next two years. >> here's the optimist coming back in. it taints the while, but it doesn't poison it and it may make in some sense more eager to show the american people we can function, work together, work on infrastructure. they are usually fairly nonpartisan. you'll see us going back to trying to find a sweet spot pretty quickly for all of our benefit and the fact that we've got in a lot of new members on the house side that are anxious to get their supplies out there and that may push us closer together rather than keep us for the next year. neil: are some of your republican colleagues getting

nervous, republicans getting blamed for this. >> i think if you frame it in terms of border security in the need for a robust border security plan, and the appropriator for the homeland security subcommittee. i've got 126 william dollars in a bipartisan way in june. we have commitment from both sides of the aisle. certainly where i'm from and i realized not the same everywhere. people are very strong saying we need to secure the border. and that's the position i'm going to take on the most of the republicans are in that camp. neil: senator, we'll see what happens. the dow up 151 points. helped by goldman sachs coming out with better then expect good. goldman is racing ahead today.

that is the biggest signal advance we've seen in some seven years and it is still young. we will have more after this. whatsyamatter tanya, i thought you loved being spontaneous? i do. and if you've got the wrong home insurance coverage, i might break the bank too. so get allstate, and be better protected from mayhem, like me.

we used to play so beautifully together. now... we can barely play anything... even cards with the girls. (vo) if you have bent fingers and can't put your hand flat, talk to your doctor. it may be dupuytren's contracture. (hand) isn't it time to do something about this? (vo) your hand is talking. isn't it time you speak to a doctor? learn more about dupuytren's contracture... at factsonhand.com. more information is within reach. neil: charlie gasparino was here a little earlier talking about bill maher and not so much whether he'll make it to be attorney general. almost all indications it looks like he will, but he would necessarily toe the republican line, which is a life a fair

view of business. history suggests mr. barr is anything but. judge andrew napolitano knows about his past and where he might go with avril, especially when it goes to policing social media companies and the like. what do you think? >> is always not as usual gasparino is correct. this is not a hands not a hands-off laissez-faire republican nominee. this is a nominee who believes they should be exercised to level the playing field to increase competition and use that phrase three times very strategically when he was being grilled yesterday. it was intimately involved in not. as the general counsel at that time. he knows from his last time around in the doj that the

department of antitrust can really ruin things by forcing litigation where it should be an enhanced competition. give consumers more choices. at some point you get so vague and alaska judge to break you out. i'm not suggesting names or having any charges. the attitude which would have been anathema in the reagan antitrust division will be rampant train to think about it the breakup of at&t. he would go the direction policing bias, editorial bias.

>> i don't and he agrees with the president on that. he does not share the anti-"washington post" [inaudible] >> no, and i would think of the word comes to the white house who want to do this, and thank you very much for your opinion and will do what they think the law tells them to do. i have to acknowledge that. with anti-competitive to what attorney general is heavy handed government intrusion. when attorney general as corporate to another. you have a rather levelheaded person whose biases in favor of competition. the stated purpose of all the antitrust law to enhance competition, to help the consumer, to give the investor more choices.

not to assault bigness. neil: i like that. >> ultimately it's going to be all in the course. i'm also big corporation agrees to shed some pounds, judges will be involved in very expensive litigation. he would say this is great news for your lawyer buddies. while it is. no litigation more expensive. . that the way that the shoutouts at cabinet meetings, there was a pool spray where the president would go to jeff eggs is and say, i need to look into that -- sessions. jeff sessions would dutifully nodding his head. i can't picture this guy doing

that. >> i can't either. neil: what do you do -- part of me thinks that the president, judge, is hearing this guy at some of the confirmation hearings -- >> what did i do? he probably thought that when he found out what good buddies he is is for bob mueller. neil: he had no know that? >> i don't think they knew the depth of their relationship. the model with bill barr, going over another issue for decorum at cabinet meetings, secretary mattis, who never said no if he didn't mean it and never said yes if he didn't mean it but sort of smiled. i can't imagine the president saying to bill barr, tell the world what a great president i am. he does to other members of congress and when the camera is there they say it. neil: on mueller stuff, any sense you're getting where this thing is going and when we might get -- >> i have been the skunk at the garden party, whenever

conversation comes to, it will be over soon. it is not going to be over soon. i will tell you -- neil: almost from the beginning. >> a little hidden footnote that occurred two days ago. the sentencing of rick gates was delayed by another four months because the government told the court and gates' lawyers agreed he is continuing to be debriefed on new issues. new evidence has to be corroborated. it takes time. mueller isn't going anywhere. i don't know if it is resolved in 2019 that is the bad news for trump. the good news it will not be resolved all at once. i will produce a half dozen reports. some may say this aspect is over. some may say this the other aspect is over. then he investigates to continue to do his work. neil: chris christie's book, parts of has been released he takes jared kushner to tack, his undue influence not only hurt

himself getting, being the president's transition team and running that, but even being considered for other jobs. he bows on to say that if he were allowed to be there, the administration would be running like a swiss clock or something like that, what do you think of that? >> chris is a long-time friend of mine. i've known him since i was on the bench and he tried cases before me. there are parts of him i respect, and parts of him i disagree with. i can't predict how he would run the doj if he were attorney general or west wing if he was chief of staff but the state of new jersey is a mess because his eye was on the ball of republican primaries in new hampshire and iowa. he didn't raise taxes. he stuck to that message. neil: 400 vetos. >> he appointed conservative-minded jurists he stuck to that we're paying the price, we have a liberal progressive wants to do undo

everything, make the pain more acute. neil: raise taxes on corporations and wealthy guys like you. >> drive me across the river to delaware. let's not go there. neil: when he is here he is actually sober. did you know that? thank you very much, my friend. quick peek before i hand things over to charles payne. we have the dow up 167 points. financial issues leading the way. by and large, better than expected top line and bottom line report out of goldman sachs didn't hurt things any. bank of america saying the same. if you're in the camp that says so financials go so go the rest of the markets you have to like what you see for the time-being. charles payne, i hand it to you. and those fed minutes coming out. a lot going on. charles: a lloyd going on. i'm charles payne. this is "making money." we're moments away from the federal reserve releasing the new report on the health of our economy. with the fed firmly dovish and every fomc member now preaching

patience, will the u.s. economy force them to hike rates despite wall street temper tantrums? remember we've gone a long way since the fed had the 180. let'slet's go to jennifer schoenberger for the headlines. what do we look? >> charles, coming into the new year the economy continued to expand in the first quarter with most of the fed's 12 bank districts reporting modest to moderate growth but there are signs that growth is moderating. charles, manufacturing is moderating across the country, particularly in autos and the energy sector with oil prices falling. businesses show longer optimistic as they once were because of volatility in financial markets, falling oil prices, rise in short-term interest rates and general uncertainty about the political arena and trade. having said that the retail sales appear to be holding up strong across the country. most districts reporting that holiday traffic during the holiday s